Gold Bull ATR Breakout Strategy EA By Seller:

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Description

Target Currency Pair and Time Frame

The target currency pair is XAUUSD (gold/US dollar)

The time frame is 1 hour. This EA can be operated with a small amount of capital, and you can start from $50. It is equipped with a compound interest function and aims to grow your assets significantly over time. It is designed to thoroughly manage risk and pursue long-term profitability.

Main Features of the Gold Bull ATR Breakout Strategy EA

This EA emphasizes risk management and includes functions to aim for profits steadily and efficiently. The main features are introduced below.

• No Martingale/No Grid Trade: Gold Bull ATR Breakout Strategy EA does not use high-risk martingale or grid trade. Individual stop losses are set for all positions to avoid excessive risk. This allows for stable trading and avoids large drawdowns in a single transaction.
• Compound Interest Function: There is a setting that enables compound interest operation, and by automatically adjusting the trading lot according to the increase in funds, you can efficiently grow your funds. This makes it possible to aim for large profits even with a small amount of funds, and supports long-term asset formation.
• Equipped with two trading logics: Two types of trading logic that detect market breakouts and enter are built in. This allows you to flexibly respond to fluctuating market conditions and realize efficient trading. It makes symmetrical entries in both directions, long and short, to maximize profit opportunities.

 

Overview of trading strategy

Gold Bull ATR Breakout Strategy EA is equipped with two different entry logics. Each logic uses a specific indicator to detect market breakouts and enter “buy” and “sell” at the appropriate time. Each logic is explained in detail below.

Logic 1

• Indicators used: Bollinger Bands, ATR
• Logic overview: When the upper or lower limit of the Bollinger Bands is reached, an entry signal is generated based on the ATR (Average True Range). This entry supports both long and short entries, and is made when market volatility increases. Trailing stops and automatic closing at specified periods are used for exits, ensuring profits and minimizing risks.

Logic 2

• Indicators used: Parabolic SAR, MTATR
• Logic overview: Parabolic SAR and MTATR (Moving Average ATR) are used to make entries that capture the market trend. This logic also supports long and short entries, and takes a position at the time of a breakout when the market moves strongly in one direction. The exit combines a fixed pip stop loss and a trailing stop for efficient risk management.

Parameter Settings

Gold Bull ATR Breakout Strategy EA has parameters related to each logic, allowing you to customize it according to your trading style and risk tolerance. Below is an overview of the main parameters.

Parameters related to Logic 1

• MagicNumber1: Trade identification number used in Logic 1. Used to identify when multiple EAs are working simultaneously.
• ExitAfterBars1: The maximum number of bars after which the position is closed after entry. If this number of bars is exceeded, the position is automatically closed.
• ProfitTarget1: Set the profit target (%) for the position. When the set value is reached, the position is automatically closed to secure profits.
• StopLossCoef1: Stop loss value based on ATR, set as the basis for risk management.
• TrailingStopCoef1: Set the trailing stop distance in pips. If profits increase, the stop loss will be automatically raised to secure profits.

Parameters related to logic 2

• MagicNumber2: Trade identification number used in logic 2.
• ExitAfterBars2: The maximum number of bars before closing the position. If the specified number of bars is exceeded, the position will be automatically closed.
• ProfitTarget2: Set the profit target (%). The position will be closed when the set value is reached.
• StopLossCoef2: ATR-based stop loss setting designed to minimize losses.
• TrailingStopCoef2: Set the trailing stop distance in pips, and the stop loss will be automatically raised to ensure profits.

Money Management Parameters

Gold Bull ATR Breakout Strategy EA is equipped with flexible money management, allowing you to adjust the trading lot size while managing risk.

• UseMoneyManagement: When the money management function is enabled, the trading lot size will be automatically adjusted according to the account balance. This enhances risk management and optimizes the trading size according to the increase or decrease of funds.
• mmRiskPercent: The risk tolerance percentage when money management is enabled. The recommended value is 0.5-2.0%, and can be adjusted according to your risk tolerance.
• mmLotsIfNoMM: Specifies the fixed lot size used when money management is disabled. Even if you do not use money management, you will trade with a stable lot size.

Exit setting under specific conditions

This EA also supports flexible exit settings under specific conditions.

• ExitOnFriday: Sets whether to close all positions on Friday. This setting is for reducing risk in preparation for the market closing on Friday.
• FridayExitTime: Specifies the position closing time on Friday in 24-hour notation to protect your capital from unexpected risks.

Summary

Gold Bull ATR Breakout Strategy EA aims to capture the breakout in the XAUUSD market and achieve stable profits while reducing risk. With multiple logic and capital management functions, it is suitable for a wide range of traders from beginners to advanced traders, and supports asset growth through compound interest even with small amounts. This EA provides flexible entry and exit strategies according to market conditions and pursues long-term profitability.